Book your gain through BHEL and Reliance Capital: Rajesh V

Written by: Rajesh V

Book your gain through BHEL and Reliance Capital
Reliance Capital: Quotes, News
BSE 541.40BSE Quote5.85 (1.08%)
NSE 541.25NSE Quote6.45 (1.19%)
Nifty may bounce back from 4750 levels; investors can utilize 4750 to 4600 range for their long term & short term investment. Also, Bank Nifty has the chance to bounce back from 9000 levels.

Nifty Future: Nifty Future will be range bound between 4850 & 4950 levels. If it manages to close above 4950, then only there will be strong indication for bulls.

Supports: 4874/4847/4804
Resistances: 4910/4936/4980

Bank Nifty Future: The 9400 levels remains strong resistance for Bank Nifty, it has to close above this level. On the down-side Bank Nifty has support at 8900 levels.

Supports: 9300 / 9230 / 9135 / 9070
Resistances – 9370/ 9440 / 9540

Intra-day calls

Buy at Rs 1,755
Stop loss at Rs 1,743
Target Rs 1,782 – 1,800

Reliance Capital
Sell below Rs 391
Stop loss at Rs 395
Target Rs 387/383

Rajesh V. Ravanappan is a practitioner of technical analysis. He has eight years of experience in the share broking industry. He is a contributing writer for You can contact him at rajeshvravanappan (at) gmail (dot) com

If you would also like to contribute or send us a feedback, then e-mail to money (at) oneindia (dot) co (dot) in DISCLAIMER: The views expressed in this article are the views of the author and do not reflect the views of our company. does not take any responsibility for any losses incurred by investors who take their cues from the above article.

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